401k Max 2024 After Tax Refund
401k Max 2024 After Tax Refund. Tax refund time frames will vary. Contributing to a traditional 401 (k) could help reduce your taxable income now, but in most cases, you’ll pay taxes when you withdraw the money in retirement.
The annual limit on compensation that can be taken into account for contributions and deductions increased to $345,000 in 2024 (up from $330,000 in 2023). There are also income limits above which you can’t contribute this full amount.